Property Details
296 298 North Shore Boulevard
Fox Island, WA 98333
$890,000
Active
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Property Overview
Not just one but TWO Fox Island VIEW homes with more than 2200 sf of garage and storage on a usable 1+ acre lot just across the bridge. So many possibilities are at your fingertips – Live in one, pay the mortgage with the other, take advantage of the space to park all the toys and RV, have a multigenerational compound near the water, or get creative and modify it into one. Each side features a great room with big view windows, vaulted ceilings and sliding doors to the newly resurfaced deck to take in the sunrises, the vistas of Honeymoon Bay and all the activity in Hale Passage. They also each include 2 spacious bedrooms (one with a door to the full bath), a stacked washer/dryer in the hall, and a compact open kitchen on the main level. 298 was renovated in 2016 with new cabinets, granite countertops, new flooring, canned lighting, and resurfaced ceilings (no popcorn). It's currently rented through July 2027 at $1950 per month (under market). 296 is refreshed and ready for quick move in. The huge garage/flex spaces below are a blank slate (or a dream come true for the garage lover) including 220 power. A new 4 bedroom septic installed in 2015 and a small 2nd parcel complete this exciting package!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Fox Island
Listed
Apr 22, 2026
Financial Summary
Cap Rate
5.51%
Net Operating Income
$49,016
Gross Scheduled Income
$60,000
Gross Rent Multiplier
14.83
Total Expenses
$10,983
Building & Use
Building Sq Ft
2,800
Leasable Area
4,480 sqft
Total Units
2
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
1.05 acres
Year Built
1976
Exterior & Lot
Lot Size
1.05 sqft
Year Built
1976
Garage
6 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public
Lot Features
Corner Lot, Paved
Exterior Features
Wood
Location
City
Fox Island
County
Pierce
Coordinates
47.26883, -122.65291
Additional Information
Tax Year
2026
Annual Taxes
$7,845
Possession
Array
Based on information submitted to the MLS GRID as of April 27, 2026 3:30 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
